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ARK Invest has offloaded $238.2 million worth of Circle (CRCL) shares during a significant price rally. The stablecoin issuer’s stock surged over 20% in a single day, coinciding with ARK’s sell-off. The move follows the U.S. Senate’s bipartisan support for the GENIUS Act, which regulates stablecoins.
- ARK Invest sold $238.2M in CRCL shares during a 20% price surge.
- Circle's NYSE debut saw its stock spike from $69 to $103 before closing at $83.
- The GENIUS Act, requiring stablecoin transparency, boosted CRCL to a $248 ATH.
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